Danaher Corporation (DHR) will raise its quarterly dividend by 18.5 percent to $0.16 per share in the first quarter of 2016. This marks the 3rd consecutive year of dividend increases for the Medical, Industrial and Dental products company.
Danaher Corporation designs, manufactures and markets professional, medical, industrial and commercial products and services. Danaher’s business consists of four segments: Life Sciences; Diagnostics; Dental; and Environmental & Applied Solutions. Danaher Corporation, originally DMG, Inc., was organized in 1969 as a Massachusetts real estate investment trust. In 1978 it was reorganized as a Florida corporation under the name Diversified Mortgage Investors, Inc. which in a second reorganization in 1980 became a subsidiary of a newly created holding company named DMG, Inc. DMG, Inc. adopted the name Danaher in 1984 and was reincorporated as a Delaware corporation in 1986.
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